Commercial Real Estate Lawyer​

Purchase & Sale of a Commercial Property​

Our team is committed to protecting your interests, mitigating risks, and facilitating a seamless buying process. Our dedicated real estate lawyer offers the following:

Drafting & Review of the Agreement of Purchase & Sale: Our Lawyer can draft and review purchase and sale agreements and tailor them to suit the unique requirements of each transaction so that they can accurately reflect your intentions and protect your rights, minimizing the likelihood of disputes down the line.

Negotiation Support: Our Lawyer can assist in negotiating favourable terms in purchase & sale agreements, lease agreements, and other essential documents, ensuring your interests are safeguarded throughout the transaction.

Title Examination: Before entering negotiations, it’s wise to consult a Commercial Real Estate Lawyer. This helps ensure that the purchased property has a clear and marketable title. Our thorough title review covers all registered documents like right-of-way agreements, site plan control agreements, and more. Comprehensive off-title searches confirm the absence of outstanding taxes, water, and utility payments. With our guidance, you’ll approach negotiations fully aware and prepared to make informed decisions in your commercial real estate transaction.

Additional Searches: When purchasing from a corporation, it’s essential to conduct searches regarding its corporate status and bankruptcy history. Additionally, verifying the vendor corporation’s authorization status for the sale is crucial. A thorough investigation and review of the property title are conducted in each commercial real estate transaction. The accuracy of all agreement details is also ensured per their representations. Your real estate lawyer will verify the title’s cleanliness, assess the sufficiency of off-title searches, and confirm the completion of the mandated transfer transaction.

Risk Assessment: Our legal team identifies potential legal, financial, and operational risks associated with the property, allowing you to make informed decisions. Review of Existing Lease Agreements: Prior examination of current leases and tenancy agreements is vital to preempt unexpected challenges during the purchase transaction’s closure. Likewise, any employment and service contracts linked to the property under consideration must undergo thorough review.

Document Preparation: We prepare and review the extensive documentation required for closing, ensuring accuracy and compliance with legal requirements.

Mortgage: Securing mortgage approvals can be challenging. Mortgage companies may demand well-organized, transparent banking statements to verify that company profits are retained. Exploring competitive offers and calculating the percentage of eligible financing for the purchase are also crucial considerations.

Commercial Title Insurance: Securing the right title insurance policy is crucial for every commercial real estate purchase. This step is essential because commercial properties differ significantly from simple residential transactions. Tailored policies are obtained based on the specific coverage required for your unique purchase. The strong business relationships our Real Estate Lawyer maintains with diverse title insurance providers can also benefit you.